Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Motorola Mobility Holdings Inc (NYSE:MMI), Pandora Media Inc (NYSE:P)
Apple, Google back in court over mobile phone patent lawsuit (Reuters)
Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) subsidiary Motorola Mobility Holdings Inc (NYSE:MMI) on Wednesday squared off in court over whether a judge should reopen a lawsuit in which the companies accuse one other of illegally using their patented mobile phone technology. The case under review began in 2010 when the smartphone makers filed patent infringement lawsuits against each other. The companies have filed dozens of such lawsuits around the world to protect their technology. Apple, in particular, argues that Android phones made using Google software copy elements of its iPhones.
Google, Hallmark, Pendleton, WMS Gaming: Intellectual Property (BusinessWeek)
Google Inc (NASDAQ:GOOG), operator of the world’s most-used search engine, is seeking a patent on a technology that would add more dimensions to the reading of an electronic book. The application, 20130209981, covers what the Mountain View, California-based company calls “triggered sounds” in e-books. Google said in the application that many people are “transitioning from reading physical books to reading e-books, which have many advantages over physical books, such as more portability, the ability to access the e-book from multiple electronic devices, and text search capability.”
Microsoft executive becomes Pandora CEO (Itvoir)
Pandora Media Inc (NYSE:P) on Wednesday named Brian McAndrews, former Microsoft Corporation (NASDAQ:MSFT) executive and venture capitalist as president, chairman and CEO of the company. McAndrews, 54, will be replacing Joe Kennedy who announced in March that he was leaving the online streaming music company. “What brought me here is the opportunity. We mostly want to focus on customers and what they want and innovate for them,” McAndrews told Reuters.
Investors slam Apple’s new iPhones (BusinessTech)
Apple Inc. (NASDAQ:AAPL)’s new iPhones got panned by Wall Street on Wednesday as investors decried one model for being too costly for emerging markets such as China, and dismissed the other model as lacking enough game-changing features. The world’s most valuable technology company missed an opportunity to introduce a low-end smartphone to drive sales in Asia, where Samsung Electronics and China’s Huawei have a wide lead over Apple, analysts say.
Google CEO Sells $18,485,121 in Stock (GOOG) (Zolmax)
Google Inc (NASDAQ:GOOG) CEO Lawrence Page unloaded 20,833 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $887.30, for a total transaction of $18,485,120.90. Following the transaction, the chief executive officer now directly owns 85,000 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Apple was all hype, no buzz: Cramer (CNBC)
Microsoft Corp. SVP Unloads $2,076,172 in Stock (MSFT) (WKRB13)
Microsoft Corporation (NASDAQ:MSFT) SVP Lisa Brummel sold 64,238 shares of Microsoft Corp. stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.32, for a total transaction of $2,076,172.16. Following the completion of the transaction, the senior vice president now directly owns 229,031 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Apple Inc. is one of my best right now: Icahn (FinancialExpress)
Activist investor Carl Icahn said he bought more shares of Apple Inc. (NASDAQ:AAPL) on Wednesday as the company’s stock price slid. “At these levels, we’re buying quite a bit of stock,” Icahn told cable television network CNBC. He added that his investment firm “bought quite a bit today” as Apple shares traded in a range of $465-467 per share. Icahn did not say how many additional shares of Apple he bought on Wednesday when Apple Inc. (NASDAQ:AAPL) shares fell 5.4 percent to $467.71. The drop extended a 2.3 percent decline during the previous session after the company unveiled new Carl Icahns.
Google Leases Former Mall in Biggest ’13 Silicon Valley Deal (BusinessWeek)
Google Inc (NASDAQ:GOOG) agreed to rent a former shopping mall in Mountain View, California, in the largest Silicon Valley lease deal of the year, according to the property’s owners. The former mall is being renovated into an office complex, with completion scheduled for next year, real estate investment firm Rockwood Capital LLC said today in a statement. Rockwood, which has offices in San Francisco and White Plains, New York, owns the former Mayfield Mall in a venture with San Francisco-based Four Corners Properties. Once the renovation is completed, the campus will have more than 500,000 square feet (46,500 square meters) of office space on 27.6 acres (11.2 hectares).
Microsoft’s Concept Videos From 2000 Were Spot-On. So Why Didn’t Ballmer Build Any of It? (BusinessWeek)
On June 22, 2000, a few months after Steve Ballmer took over as CEO of Microsoft Corporation (NASDAQ:MSFT), the company summoned several hundred reporters and analysts to a conference center at its headquarters in Redmond, Washington. Ballmer, under pressure from a U.S. antitrust case and super-hot dot-com rivals, was set to unveil his company’s vision for the future of computing.
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